Standardizing Pay for Consumer Financial Protection Bureau Employees (CFPB).
This bill changes how the federal agency CFPB, which protects consumers from unfair financial practices, sets its employee salaries. Instead of internal rules, compensation rates will now be determined using the standard federal pay system (General Schedule). This aims to align the agency's pay structure with the rest of the federal government, potentially affecting its ability to hire and retain specialized staff.
Key points
Mandates the use of the standard federal General Schedule pay system for all CFPB employees.
The change takes effect 90 days after the law is enacted, standardizing CFPB compensation with most federal agencies.
Expired
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